UK-based Ascential Digital Commerce and GSK Consumer Healthcare (soon to become Haleon) will next week launch Ascential Digital Commerce Connect at the Cannes Lions International Festival of Creativity. The data-rich digital commerce platform provides clarity about GSK CH e-Commerce brand performance and improves reaction time to market dynamics in the rapidly growing e-Commerce market. The Connect platform analyses, visualises and displays marketing data about each brand and competitor to monitor key activities and answer marketers’ key questions when it comes to:
- Understanding the current brand / sales performance in the e-Commerce marketplace – standalone vs key competitors and owned channels vs major online retailers like Amazon and Alibaba
- Dissecting what brand health looks like regionally throughout EMEA, USA / N America, Asia-Pacific & Latin America
- Navigating potential challenges and outages around supply chain, R&D, disruptive markets and other key metrics
- More accurately calculating marketing spending as a percentage of gross revenue
GSK CH expects that e-Commerce growth will reach the mid-teens percentage of the business by 2025, making it a priority channel to drive overall sales.
Nicholas Hall’s Touchpoints: Duncan Painter, the CEO of Ascential, is right when he says: “The next five years represent a tipping point in the retail industry. Retailers and brands with the deepest, most recent insights into the digital performance of their products and services will gain an informed, competitive edge.” There is an insatiable demand for e-Commerce data in the consumer healthcare market, and I’ve just signed off on a very substantial budget – at least by our standards – to buy in and provide improved e-Comms data to our client base, which I am very pleased to say for the first time ever now includes all six of the top CHC players.
e-Commerce accounted for 14% of all CHC sales in 2021 and this share is forecast to exactly double in the next decade, with a higher achievement in Asia, especially China. Some analysts are even more bullish – one we’ve looked at and rejected put e-Comms so high that the only outcome would be the complete collapse of the store retailer sector, and surely that is not going to happen! Indeed, we hear numerous reports of a revival of consumer interest in the physical shopping experience. Nevertheless, e-Commerce is part of the Future Resumed, as we now call the New Paradigm for CHC, but in a subtle omni-mix of physical and digital shopping that offers the maximum flexibility and choice to consumers wishing to self-medicate.
Stay tuned for the first edition of the agenda for our Asia-Pacific e-Conference, to be hosted by Nicholas and the team on 23 November! As well as exploring expanding possibilities in CHC within the region, this event will also include the presentation of our Regional CHC Creative Marketing Award. For more information, or to register, please contact elizabeth.bernos@NicholasHall.com.